The new rule changes the definition of "colonia" and "rural area" to ensure more of these impoverished, predominantly Latino communities are covered under the regulation.
Secondary market analysts speaking on a dv01 panel said that as unemployment increases, borrowers with lower credit scores will see drops in performance. In auto, inflation has reduced access to credit for lower-income borrowers.
Combined MBS issuance at Fannie Mae, Freddie Mac and Ginnie Mae was down 21.2% from the fourth quarter and off 66.9% from the first three months of 2022.
The FTC filed a motion for a temporary restraining order and a preliminary injunction to halt the proposed acquisition of Black Knight by Intercontinental Exchange.